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IMAX Announces $100 Million Increase to Current Share-Repurchase Program

1. IMAX expands share repurchase program by $100 million to $500 million total. 2. Approximately 23% of shares outstanding have been repurchased, boosting shareholder value.

Shares Buyback
+4.86%Current Return
VS
-0.7%S&P 500
$27.5806/12 08:45 AM EDTEvent Start
$28.9206/13 03:07 PM EDTLatest Updated
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FAQ

Why Bullish?

The increase in share repurchase indicates confidence in IMAX’s valuation and could lead to stock price appreciation similar to the past when share buybacks often boosted investor sentiment.

How important is it?

The share repurchase program strengthens IMAX’s financial position and signals growth potential, making it a significant catalyst for stock performance.

Why Short Term?

Immediate positive impact expected as market reacts quickly to share buyback announcements, resembling past occurrences where stock gains followed similar news.

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NEW YORK--(BUSINESS WIRE)--IMAX Corporation (NYSE: IMAX) today announced an increase of $100 million in the Company's share repurchase program along with a one-year extension through June 30, 2027. This expansion brings the Company's total share repurchase authorization to $500 million, of which approximately $250 million remains available. The Company has repurchased a total of 15.1 million of its common shares (or approximately a 23% net reduction in shares outstanding) for an aggregate purch.

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